Business day: Bellagio no go
Even though billionaire Kirk Kerkorian abandoned his bid for MGM Mirage Inc.’s top two casino properties in Las Vegas on Wednesday, his public courtship has caused investors to put more value on the company’s massive land bank. Kerkorian’s investment arm, Tracinda Corp., said it was ending negotiations on the possible purchase of the Bellagio hotel-casino and its under-construction $7.4 billion CityCenter project, but added “there is substantial unrecognized value in the assets” of MGM Mirage.
Business buzz: Napan named to Travis Credit Union board of directors
Travis Credit Union announced its 2007-8 volunteer board of directors at its annual meeting.
Copia — alive and well, thank you
To loosely borrow from Mark Twain, “reports of Copia’s demise are greatly exaggerated.” Not only will it finish in the black in 2007 (a fast track achievement for many museums), the changes that Copia will undergo over the next few years will draw people to it as never before.
Business day: No antibiotics
Tyson Foods will no longer use antibiotics to raise chicken that is sold fresh in stores and will launch a $70 million advertising campaign to tout the shift, the nation’s largest meat producer said Tuesday.